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| Stuart Brackenrdige |
LOS ANGELES, CA (July 10,
2017) – Westwood Financial, a real estate investment firm with a portfolio
totaling over $1.5 billion in shopping centers throughout the U.S., has
announced the expansion of its executive leadership team with the addition of Stuart Brackenridge, Senior Vice
President of Acquisitions.
This appointment comes on
the heels of Westwood Financial’s recent restructuring of 77 of its 120 retail
center holdings and its management company into a single, $1.5 billion retail
real estate company that will drive greater ease of investments, streamline
operating efficiencies, and position the firm for rapid growth in 2017,
according to Co-CEO Joe Dykstra.
“Our recent consolidation
of over 280 partnerships into a single $1.5 billion entity provides us with a
well-capitalized structure that will enable us to compete in this evolving
retail landscape,” explains Dykstra. “As we continue on this trajectory of
growth, we are also growing our leadership team to direct the expansion of our
retail portfolio and spearhead strategic acquisitions in top metropolitan
markets throughout the nation.”
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| Joe Dykstra |
“Stuart brings over 25 years of real estate investment expertise, specifically in grocery-anchored shopping centers, and will be instrumental in guiding the future success of our acquisition efforts,” adds Co-CEO Randy Banchik.
“His depth of experience will play a significant
role in furthering Westwood’s objective to acquire grocery-anchored and daily
needs retail centers with diverse, high-quality tenant mixes in desirable
locations.”
Prior to Westwood,
Brackenridge served roles in both Acquisitions and Development at Regency
Centers for 20 years, where he was responsible for sourcing, underwriting and
closing core grocery-anchored retail centers across the country. He graduated
from the University of North Texas with a degree in Management and holds an MBA
in Real Estate from Texas A&M University.
Brackenridge will divide his time
between Westwood’s Dallas and Los Angeles offices, but will be based in Dallas,
Texas.
For a complete copy of the company’s news release,
please contact:
Lauren Burgos / Lexi
Astfalk
Brower, Miller & Cole
(949) 955-7940
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